The financial meanderings of the golf business won’t ever be confused with the excitement of a Players Championship, but when one of golf’s leading companies changes hands, it reverberates in its own special way like a eagle-birdie-birdie finish at TPC Sawgrass.
Si Woo Kim won the Players Championship with some timely putting this morning at TPC Sawgrass, using his Scotty Cameron by Titleist 009M to near perfection.
With the news of TaylorMade’s acquisition by private-equity firm KPS Capital Partners, it brings to mind numerous other purchases of equipment companies.
A day after Rory McIlroy signed a long-term deal with the company, TaylorMade is back in the news. In a press release, Adidas AG announced overnight that KPS Capital Partners has purchased the TaylorMade brand for $US425 million.
After extensive testing of virtually every major brand while exploring offers from multiple equipment companies, McIlroy has entered into a “long-term” contract with TaylorMade.
Interestingly, Smith uses a full set (3- through 9-iron) of Titleist’s T-MB iron (shown), a club only available in full sets to the masses via special order.
Australian Golf Digest
